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Directors' Deals: Cleaning firm bosses sell more shares

INVESTORS take a strong interest when company bosses buy or sell shares in their own firms. Directors have in-depth knowledge of their businesses, so it can pay to track their moves. Every week we reveal the directors who have bought or sold big stakes.

The directors of PHS, the washroom-cleaning group, are trimming their holdings for the second time in just over a year.

Peter Cohen, chief executive, last week sold 800,000 shares at 78p per share. The sale netted him £624,000 and cut his holding to 4.37m shares. A year ago, he sold 2.3m shares at 76p.

This week’s deal comes a fortnight after finance director John Skidmore sold 132,500 shares at 81p, lowering his holding to 241,000 shares. He also sold 132,500 at 75p a year ago.

The sales come at time of rapid growth for PHS — it acquired 18 businesses last year. Customers include Network Rail, Spirit